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IndiGo orders 30 Airbus A350s for long hauls Filing of Form 10A & 10AB: CBDT extends due date to June 30 RBI to issue fresh guidelines for banks to freeze suspected bank accounts being used for cyber crimes CPGRAMS recognized as best practice in Commonwealth Secretaries of public service Israel-Iran War: A close shave for Global Economy but for how long?KABIL, CSIR ink MoU for Advancing Geophysical Investigations I-T - If income from stock-in-trade are held as investments, then provisions of section 14A would apply to such income: ITAT TRAI recommends on Infra Sharing, Spectrum Sharing & Spectrum Leasing I-T- Revisionary powers u/s 263 can't be exercised when AO has neither assumed facts incorrectly nor there is incorrect application of law : ITAT Technology Board okays funding of Dhruva Space's Solar Array Project I-T- Issue of interest is debatable issue on which two views are possible and AO accepted one of views for which PCIT cannot assume revisional jurisdiction: ITAT Health Secy visits Bilthoven Biologicals, discusses production of Polio Vaccine I-T - Estimation of profit element from purchases should be done reasonably if assessee could not conclusively prove that purchases made are from parties as claimed, in absence of confirmations from them: ITAT Study finds Coca-Cola accounts for 11% of branded plastic pollution worldwide I-T- Triplex flats purchased are interconnected and can be considered as 'a residential unit'' as per definition of section 54F of Act : ITAT Delhi HC says conspiracy against PM is a crime against State I-T- AO omitted to probe issue of cash payments made over specified limit; revisionary power u/s 263 is rightly exercised: ITAT Brazil makes new rules to streamline consumption taxes I-T-Power of revision unnecessarily exercised where AO had no scope to examine creditworthiness & genuineness of assessee's creditors: ITAT Biden signs rules mandating airlines to give automatic refunds for delayed or cancelled flights I-T-As per settled law, in absence of enabling powers, no disallowance can be made : ITAT BYD trying to redefine luxury for new EV variants GST - On the one hand, the order states registration is liable to be cancelled retrospectively and on the other hand mentions that there are no dues - Order modified: HC SC asks EC to submit more info on reliability of EVMs Right to Sleep - A Legal lullaby


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Mumbai, October 26, 2016 ST - Revision powers were sought to be invoked under non-existent provision and hence review undertaken by Committee of Chief Commissioners is without jurisdiction - Revenue appeal rejected: CESTAT

Mumbai, October 26, 2016 Cus - Without any SCN specifically proposing absolute confiscation of gold, giving finding that seized gold is liable for absolute confiscation, is incorrect on part of adjudicating authority: CESTAT

Ahmedabad, October 25, 2016 I-T - Whether legislature can intend to give rise to two parallel orders pertaining to same period of assessment by two authorities, both may be competent at time when they were passing orders - NO: HC

Chennai, October 25, 2016 Customs - Duty exercised by Chemical Examiner of Central Laboratory (CRCL) is statutory duty - Report has to be treated as public record and question of permitting cross-examination of said officer does not arise: HC

Mumbai, October 25, 2016 I-T - Whether services rendered by assessee in capacity of sub-contractor can be considered as export of services rendered in form of technical knowhow to a entity based outside India, so as to claim deduction u/s 35B - NO: HC

Ranchi, October 25, 2016 ST - Passing Orders taking hyper technical views should be avoided for they unnecessarily increase workload of Court - CC should have guided Commissioner (A) in meetings: HC

Mumbai, October 24, 2016 I-T - Whether exercise of extraordinary jurisdiction by HC is warranted in case of petition filed by assessee, who has, by participation in proceedings before AO consequent to transfer of its case, accepted impugned orders - NO: HC

Mumbai, October 24, 2016 ST - Once it is accepted that Appellant is rendering 'Mandap Keeper' service and Bills were raised for gross amount towards food, assessee would be eligible for abatement of 40% from value for payment of service tax: CESTAT

Ahmedabad, October 24, 2016 FPS - Withdrawal of export incentive to items other than bicycle parts under entry No 269 of Appendix 37-D - HC quashes DGFT Trade Notice 11/2015 - No recovery of benefits already granted

Chandigarh, October 23, 2016 ST - As appellant has given contract for loading/unloading on basis of weight of goods and not as per labour provided, activity cannot be termed as supply of Manpower: CESTAT

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TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

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SARFAESI Act - Writ petition can be disposed of as infructuous as one time settlement has been entered into between parties : HC

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